The jackpot for the MEGA Millions draw on Tue Feb 17, 2026, is projected to be $395 Million, with an option for a cash payout of $183.3 Million. Should you be the lucky winner of the MEGA Millions jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For New Mexico residents, the state will deduct 5.9% from your lottery earnings.
| New Mexico MEGA Millions Jackpot/Cash Option for Tue Feb 17, 2026 |
|---|
| Draw Date | Tue Feb 17, 2026 | | Projected Jackpot | $395,000,000 | | Cash Value | $183,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $183,300,000 | | Federal Tax(24%) | $43,992,000 | | Additional Federal Tax | $23,789,330 | | State Tax(5.9%) | $10,814,700 | | Net Lumpsum Payment | $104,703,970 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,945,145 |
$2,160,034
$350,764 |
$3,434,347 |
| 2 |
$6,242,580 |
$2,270,085
$368,312 |
$3,604,183 |
| 3 |
$6,554,630 |
$2,385,543
$386,723 |
$3,782,364 |
| 4 |
$6,882,480 |
$2,506,848
$406,066 |
$3,969,566 |
| 5 |
$7,226,525 |
$2,634,145
$426,365 |
$4,166,015 |
| 6 |
$7,587,950 |
$2,767,872
$447,689 |
$4,372,389 |
| 7 |
$7,967,150 |
$2,908,176
$470,062 |
$4,588,912 |
| 8 |
$8,365,705 |
$3,055,641
$493,577 |
$4,816,487 |
| 9 |
$8,784,010 |
$3,210,414
$518,257 |
$5,055,339 |
| 10 |
$9,223,250 |
$3,372,933
$544,172 |
$5,306,145 |
| 11 |
$9,684,215 |
$3,543,490
$571,369 |
$5,569,356 |
| 12 |
$10,168,485 |
$3,722,670
$599,941 |
$5,845,874 |
| 13 |
$10,676,850 |
$3,910,765
$629,934 |
$6,136,151 |
| 14 |
$11,210,890 |
$4,108,360
$661,443 |
$6,441,087 |
| 15 |
$11,771,395 |
$4,315,747
$694,512 |
$6,761,136 |
| 16 |
$12,359,945 |
$4,533,510
$729,237 |
$7,097,198 |
| 17 |
$12,977,725 |
$4,762,089
$765,686 |
$7,449,950 |
| 18 |
$13,626,710 |
$5,002,213
$803,976 |
$7,820,521 |
| 19 |
$14,308,085 |
$5,254,322
$844,177 |
$8,209,586 |
| 20 |
$15,023,430 |
$5,518,999
$886,382 |
$8,618,049 |
| 21 |
$15,774,720 |
$5,796,977
$930,708 |
$9,047,035 |
| 22 |
$16,563,535 |
$6,088,838
$977,249 |
$9,497,448 |
| 23 |
$17,391,455 |
$6,395,169
$1,026,096 |
$9,970,190 |
| 24 |
$18,261,245 |
$6,716,991
$1,077,413 |
$10,466,841 |
| 25 |
$19,174,090 |
$7,054,744
$1,131,271 |
$10,988,075 |
| 26 |
$20,133,150 |
$7,409,596
$1,187,856 |
$11,535,698 |
| 27 |
$21,139,610 |
$7,781,986
$1,247,237 |
$12,110,387 |
| 28 |
$22,196,630 |
$8,173,083
$1,309,601 |
$12,713,946 |
| 29 |
$23,306,580 |
$8,583,765
$1,375,088 |
$13,347,727 |
| 30 |
$24,471,830 |
$9,014,907
$1,443,838 |
$14,013,085 |
|
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